Twenty-Day VWAP definition
Twenty-Day VWAP means the arithmetic average of the Weighted Average Price of the Parent Common Stock on each trading day during the twenty (20) consecutive trading days immediately preceding the third (3rd) Business Day prior to the Effective Time.
Twenty-Day VWAP means, for any security as of any date, the volume weighted average price of such security during the twenty (20) Trading Days preceding such date (whether or not such security is trading on an Eligible Market at such time). If the Twenty Day VWAP cannot be calculated for a security on a particular date on the foregoing basis, the Twenty Day VWAP of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 17. All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during the applicable calculation period.
Twenty-Day VWAP means, with respect to any date of determination, the volume-weighted closing sales price of the Parent Common Shares on Parent's Principal Market for the most recent twenty Trading Days on such Principal Market prior to or on such date of determination (or, if such date is not a Trading Day or if trading has not closed for the day on such date, the next preceding Trading Day) on which trading occurred in the Parent Common Shares, which price shall, for the avoidance of doubt, be equal to a fraction, (x) the numerator of which equals the sum, for each of such twenty Trading Days, of the product of (1) the closing sales price of the Parent Common Shares on such Trading Day on such Principal Market, times (2) the number of Parent Common Shares traded during such Trading Day on such Principal Market, and (y) the denominator of which equals the sum of the number of Parent Common Shares traded during each of such twenty Trading Days on such Principal Market.
Examples of Twenty-Day VWAP in a sentence
Payee: [ ] Principal and accrued interest on the date immediately prior to the Change of Control: $[ ] [Cash Payment: $[ ]] [Conversion Calculations: [Twenty-Day VWAP: $[ ]] [Fair Market Value: $[ ]] Number of shares of Class A Common Stock to be issued: [ ]] U.S. WELL SERVICES, INC.
The aggregate payment under the CVR Agreement will be reduced on a dollar for dollar basis if (i) the aggregate gross proceeds received in connection with the resale of any Rockpile Acquisition Shares plus (ii) the product of the number of Rockpile Acquisition Shares held by Rockpile Holders on the CVR Payment Date and the Twenty-Day VWAP plus (iii) the aggregate CVR Payment Amount exceeds $165 million.
More Definitions of Twenty-Day VWAP
Twenty-Day VWAP means the dollar volume-weighted average price for PubCo Common Stock on Nasdaq, or any other national securities exchange on which the PubCo Common Stock is then traded, as reported by Bloomberg through its “HP” function (set to weighted average) for the twenty (20) Trading Days ending on the Trading Day immediately preceding the Date of Determination.
Twenty-Day VWAP means, for any date, the daily volume weighted average price of the Enservco common stock during the twenty (20) Trading Days preceding such date (or the nearest preceding date) on the Trading Market on which the Enservco common stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time).
Twenty-Day VWAP means, for any security as of any date, the volume weighted average price of such security during the twenty (20) Trading Days preceding such date (whether or not such security is trading on an Eligible Market at such time). If the Twenty Day VWAP cannot be calculated for a security on a particular date on the foregoing basis, the Twenty Day VWAP of such security on such date shall be the fair
Twenty-Day VWAP is defined in Section 2.5(a)
Twenty-Day VWAP means the volume weighted average price of the Common Units traded on the NYSE, or any other national securities exchange on which the Common Units are then traded, for the twenty trading days ending on the first trading day immediately preceding the date of determination of the Twenty-Day VWAP.
Twenty-Day VWAP on the relevant dealing day, the volume weighted average VWAP over a period of twenty dealing days prior to and including the relevant dealing day;
Twenty-Day VWAP means, as of a particular date, the volume weighted average closing price of the Common Stock on the Trading Market for the twenty (20) trading days immediately prior to, but excluding, such date.